Statement of cash flows. The following are account balances (in thousands) at December 31, 20X1, for Hilltop Hospital. Prepare a statement of cash flows for the year ended December 31, 20X1.
Givens (in ’000s)
Increase in prepaid expenses ($8,000)
Increase in accrued expenses $6,000
Cash and cash equivalents at beginning of the year $62,000
Proceeds from restricted contribution $119,000
Change in net assets $12,000
Increase in net account receivables ($27,000)
Sale of equipment $46,000
Decrease in other current liabilities ($6,100)
Depreciation $43,000
Decrease in inventory $8,000
Purchase of long-term investments ($111,000)
Payments on long-term debt ($72,000)
Decrease in accounts payable ($13,000)